Oil Will Trend Lower Until Bottoming in First Quarter of 2020, Commonwealth's Dhar Says

The video discusses the expected trends in oil prices, forecasting a bottom for Brent at $57 per barrel in the first quarter of next year before a recovery. Key factors affecting this include rising non-OPEC supply, demand concerns, and potential recovery of Iran's oil exports. The video also explores OPEC's strategic decisions, considering factors like US-Iran relations and the US-China trade war. It concludes with market projections indicating a potential oversupply in the first half of next year, suggesting that OPEC may need to act in December.

What is the expected bottom price for Brent crude in the first quarter of next year?

• $45 a barrel

• $57 a barrel

• $65 a barrel

• $70 a barrel

Which country's potential oil export recovery is a significant factor for OPEC's considerations?

• Russia

• Saudi Arabia

• Iran

• Venezuela

What is one of the major factors OPEC is waiting on before making a decision for 2020?

• Australia's coal exports

• India's oil demand

• European Union's economic policies

• US-China trade talks

What is the main concern for the oil market in the first half of next year?

• Rising oil prices

• Oversupply in the market

• Decreasing demand for oil

• Increased competition from renewable energy

When is OPEC expected to make a decision regarding oil output cuts?

• In December

• In November

• In October

• In January